DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
Hercules Offshore, Inc. today reported a loss from continuing operations of $38.3 million, or $0.28 per diluted share, on revenue of $143.3 million for the first quarter 2012, compared with a loss from continuing operations of $13.6 million, or $0.12 per diluted share, on revenue of $159.4 million f
ExxonMobil, one of the world’s largest publicly traded international oil and gas companies today reported an 11% decrease in its first quarter 2012 earnings. The company revealed the earnings of USD 9.5 billion, a drop of USD 1.2 billion when compared to the same period a year ago when it earned USD
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03
The Technology Strategy Board is to invest up to £1 million in feasibility studies, to be led by SMEs, which will stimulate innovation in the oil and gas sector and accelerate the development and deployment of new technologies. Proposals for the studies should focus on the areas of increasing oil an
Dr Peter Heffernan CEO, Marine Institute, and Prof Ian Wright, Deputy Director, Science and Technology, National Oceanography Centre (UK) signed a Memorandum of Understanding (MoU) in the presence of the Minister for Agriculture, Food and the Marine, Simon Coveney, TD, to foster closer co-operation
DNV achieved a 3.7% growth in operating revenue, from NOK 9,792 million in 2010 to NOK 10,156 million in 2011. The operating profit increased by NOK 248 million, or 31%, from NOK 810 million in 2010 to NOK 1,058 million in 2011. The net profit after tax for 2011 came to NOK 730 million, compared [&h
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation and MODEC, Inc. established in Singapore, has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean
Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acrea
China Oilfield Services Limited, announced its unaudited results for the three months ended 31 March 2012. During the first quarter of 2012, the Group actively consolidated its presences in existing markets and continuously explored new domestic and overseas markets. Revenue for the first quarter of
OceanSaver has entered the Japanese market with a major ballast water treatment contract for four open hatch bulk carriers being built by Japan’s Oshima Shipbuilding Ltd for Gearbulk. The 72,000dwt Open Hatch Bulk Carriers are being built to DNV class and each vessel will be fitted with a 1,200m3/h
E.ON has announced that Balfour Beatty Utility Solutions (BBUS) has been awarded the contract to install the cable on its Humber Gateway offshore wind farm. The contract, worth circa £19 million, will involve the design and installation of a 30km section of underground 132kV cable which will be used
MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean subsidiary, MODEC Offshore Production Systems (Singapore) Pte. Ltd. The FPSO will be delivOSX Bra
Intergraph® has formally opened the newly-expanded Intergraph Global Marine Center in Busan, South Korea. This center of excellence has a dedicated team of marine experts to support customers, enabling them to implement SmartMarine® Enterprise easily for enhanced productivity in their marine and off
